About this Show

The Willis Report

News/Business. Host Gerri Willis. New.

NETWORK

DURATION
01:01:00

RATING

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Channel v761

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
1280

PIXEL HEIGHT
720

TOPIC FREQUENCY

Irs 19, Us 13, The Irs 13, Texas 7, Warren Buffett 7, Spiriva 4, Benghazi 4, Austin 3, Jack Lew 3, Directv 3, Copd 3, Houston 2, Steve Miller 2, Obamacare 2, Miller 2, Jay Carney 2, America 2, London 2, Wells Fargo 2, Fda 2,
Borrow a DVD
of this show
  FOX Business    The Willis Report    News/Business. Host  
   Gerri Willis. New.  

    May 15, 2013
    6:00 - 7:01pm EDT  

6:00pm
was given too conservative to party groups of this when the irs once more power, employees and a bigger budget. rich jensen has been following this story all week long and this is an extraordinary scandal that involves a white house and the president obviously he will want to contain this quickly. >> absolutely. this is not a briefing room statement it is happening in the east room to get it of much more presidential feeling and just after a meeting with secretary lew the internal revenue servicc is part of the treasury department and they say the president called the meeting to discuss the next up for the irs of president has failed to outline much of a response other than describe for a tax-exempt status outrageous and unspecified
6:01pm
consequences perhaps we will hear precisely what those consequences are we here for the acting commissioner miller to resign and the inspector general found out and failed to give congress a complete picture but the same report says a brief the director of exempt organizations of june 2011 and republicans are calling for a special prosecutor. we will see what the president last tuesday. but as the white house as moves over the last few years, not on time. gerri: of course we will break away we are just waiting for his movement to the podium. the president and his press secretary both referred to the ira's as an independent agency which is interesting because it is part of the federal reserve now run by jack lew even questions
6:02pm
about him. he was a political operative for the president now running treasury. does this put an additional spotlight on him? >> there has been a spotlight on the irs for years and used as the political tool. there are a number of different organizations, the deal lustful operating under the labor department whether they are career officials or known as non-political folks and they are career people or analyst that process tax reforms and tax returns or things of that nature. how much of that of a political influence that are not supposed to be political for some time. gerri: we will have
6:03pm
additional responsibilities with obamacare. the irs has almost 90,000 a bigger budget than the fda, fbi, and this is a ggoup of people to be reckoned -- reckoned with. as people sit back with the bureaucracy and the irs says the attorneys graduating from law school is the biggest law firm in the country. the irs has a huge response ability when it comes to the president's health care lot and charged with enforcing the individual mandate, the requirement that forces almost everybody to have health insurance or pay a fine. and are unlike any of their organizations in charge of implementing obamacare. it depends on the consequences.
6:04pm
it is responsible for enforcing obamacare who else would enforce it? so it could fall apart if the irs was not involved to enforce that provision. >> key and billing the scrutiny they gave conservative groups we could not control them with these groups and labor doing this on their own but cincinnati is the center of the focus of all of these groups were these operations come from too fat groups for the tax-free status. the people who do better based in cincinnati what does that tell you and what are they reading into those facts tonight? >> the irs come clean moment with the head of the department said passively at
6:05pm
a speech to give a detailed phone conference to say was just a few employees and we found out about it and we have resolved that but since then we have any mail from the treasury inspector general report that basically that information shows senior folks including the director found out about this all the way back in june of 2011 back in 2010 is when it started. the commissioner of the irs now the acting commissioner found out about this may may 2012 and will be questioned on capitol hill about this over the past few months and a couple of years and failed to devil to how deep this when and how much they knew those a visit to the questions also notable in this treasury report it doesn't say who develop the guidelines that said look at tea party and conservative
6:06pm
groups. it does say they were acted upon but not something investigators are looking for. >> we have nothing at hand for this minute to say came from the a ministration or the white house. >> there is no link currently or no indication the white house told the irs or anyone within the administration to do this. we don't know who developed this criteria but there is evidence pointing to the white house. >> i heard as mcdonnell talk about this and she says typically it takes a long time to figure out what happened but just to remind folks we are waiting on the president who will address the of public to talk about the i.r.a. scandal that has developed in which the irs
6:07pm
scrutinizes conservative groups with tax-exempt service asking personal questions. who are you meeting with and for how long? how much of the time? details that people consider interested now the president will probably speak for about five minutes. it is unclear if he will take questions from a the media but he does intend to address this very important issue. we were talking about the treasury ig report 108 approve, 20 was drawn and 160 are still open and some of them three years. that is slow action even for government work. >> the report states that progressive groups were passed through the process normally and applications were completed.
6:08pm
but for conservative groups the applications were put on hold and that one or two election cycles some of these groups who were able to do get tax-exempt status the irs is asking for more information then they had progressive groups to not process the application to move hem through. gerri: hang tight we're waiting for the president to take the podium but i want to bring in america and enterprise institute and heritage foundation, a welcome to both. you have been calling for the president and the irs. do we have both of them?
6:09pm
glad to have you. thank you for joining us i am curious what you think the president needs to do in this press conference what does he need to talk about? when he comes in we will break away. >> there needs to be a change of the leadership of the irs. it is unacceptable for the head of the irs and the acting commissioner to not inform congress of these problems, not to inform the head of treasury of these problems. %-a federal agency as powerful as the irs. gerri: we don't know a fellow happen tonight we are awaiting word for the president to deliver what will be a five minute tall. disorganization, the outfit outfit, the bureaucracy that has grown, is it out of
6:10pm
control? >> clearly it is here because they keep saying low level employees started this in the ohio office but it is also very clear from the ig report that supervisors and managers including people in washington that were informed about this and they still did not stop the change it. even today there are dozens of organizations that have not been granted exemption status despite the ig report despite the apology from the irs. gerri: now we will bring in alan. hans called for a change in leadership. is that what needs to have been? >> that may be necessary. we will have to get more facts as to who knew what and when there needs to be steps for the future for congress to lay down clear guidelines as to how much
6:11pm
campaign activity the five '01 c for canning gauge and. it is just an open invitation for the irs to be more strict on some groups and others this is very dangerous when you deal with campaign activity. gerri: we have been pouring through this material and there is 29 different 501 and tax-exempt corporations it is confusing and hard to understand and the bureaucracy is out of control. , a regular person cannot figure it out. is of the situation we need to simplify? is that part of the problem? >> i think it is. the number of tax exempt categories is extensive and down to be some consolidation we could do. there is a lot of confusion what roles the different organizations have and the
6:12pm
five '01 c4 does not get tax-deductible contributions the way the 501c3 but it does the tax on their own and come in don't have to disclose their donors. gerri: again we arr waiting for the president who will speak tonight on the irs scandal for about five minutes is what we are told and we are awaiting that in the meantime let's get back to hans of much use phrases in the infamous ig report they use phrases like inappropriate criteria and substantial delays to describe how the i.r.a. is processed some of the applications for this status and what does that tell you about this agency and bureaucracy? have a hard time believing these employees are so incompetent they didn't realize that many questions
6:13pm
they were asking like who are your donors had nothing to do with qualifying for this exemption. that right there is a real problem in this story we are getting out of the irs. and the delays they had no problems with progressive groups getting quickly improve -- approved including a charity set up by the president's half-brother that got through it in just one month gerri: i heard that this morning. this morning i spoke to the investigatory journalism alphabet journalist in new york city had them and they had a standing request over the dark pools of money in one day appeared materials submitted to the irs by some of the two-party groups that had not been approved. in other words, what would appear to be private information.
6:14pm
they are not clear if it was a misttke or intentional. what do you make of that information, alan? >> i am not famillar with that incidence or should not speak to that specifically but it does illustrate something else to be investigated. >> we don't just have that we now have a lawsuit by the national organization for marriage which had the irs tax returns also illegally disclosed to someone who was a major fund-raiser for the president and we have clear evidence this came out of the irs because the stamps were on the document. that is a pattern and practice of illegal behavior gerri: waiting for the president to take the podium he will talk about where conservative anti-party groups were targeted for
6:15pm
application for tax-exempt status. the irs is a very very strong and large organization. the 2012 budget is bigger than the epa, fda, fbi, at 89,000 employees and is expected to add 2,000 more as they take on obamacare. alan, what does this mean for the work that the irs is supposed to do with obamacare? >> anything with this scandal is bound to erode public trust they will be getting additional powers soon to punish people for needs to be done and laydown standards that need to be objective as possible so it will refuse up power for political ends.
6:16pm
gerri: as we await the president to make a statement, it seems to me the language in conservative circles has gotten pretty strong with talk is this next sunday in what will happen is this another watergate? what is the scuttlebutt? >> it has happened so quickly we have a tough day for the press secretary jay carney on friday that is mostly focused on ben gauzy also we learn about the internal revenue service and later after the weekend we learned of the associated press story with the department of justice looking at all collectivity. this is a matter of fear for activities even tonight eric colder testified on capitol hill and benghazi millstone
6:17pm
on the press less than one hour ago another meeting with the treasury secretary to talk about the irs at 6:00. they said that. [laughter] gerri: 17 minutes late. this has been a tough week three scandals baekeland add roughly the same time but i want to focus back on the irs. is this a case where events tell you there is simply too much bureaucracy? we have to go to a flat tax and some voices say that tonight? >> they will specialize in that we need a simplified tax code a simplified tax system and that would make
6:18pm
it tougher for bureaucrats to engage in thii type of misbehavior. gerri: if they are there they cannot engage in this behavior. great to hear your comments on this complicated topics. i want to return to rich edson. you were breaking out the many scandals that have broken this week. i don't think i have ever seen a week in my lifetime where there has been so many negative headlines for one president. what do you say? >> it is the amount that has happened so quickly that fact that ben gauzy has come to a head but especially in this administration we have not seen the white house with issues like this dealing with a bad economy and a story that came all politically here or there. but the dominant force in this president's white house has been a much slower
6:19pm
economy that republicans said over debts, deficits, taxes on the wealthy and now for the first time we see extract presidential issues come in that other administrations have faced and they have, at one time. gerri: we expect the president to be with us in one minute and as we await what could be an important announcement. >> the press corps has been asking for days the details of the ig report and it started with the press secretary and if this is submitting to its the folks are looking for consequences but they have not outlined its. >> looking for concrete@
6:20pm
action we have heard calls for the resignation of the fbi and questions tonight about the bureaucracy and if the irs is out of control, what can be done to siderite some 90,000 employees at 2.5 trillion tax dollars this is an agency that most americans fear and they worry about them and not necessarily fans and tonight we expect president obama help us to understand and explain the scandal this looks like the president coming out right now to the podium. >> i just finished speaking with secretary lew and officials at the treasury departmenn to discuss the investigation into iras personnel of improperly explained my iras groups for tax-exempt status i will take questions tomorrow but today i wanted to get out to all of you some information
6:21pm
about what we're doing about this and what we are doing from here i every views -- review the report and the misconduct is inexcusable. and americans have a right to be angry about it and i am angry about it. i will not tolerate this behavior in any agency especially the irs and with the power that has in their reach that it has and all of our lives and should not matter what political stripe you are from but the fact of the matter is the irs has to operate with absolute integrity. the government generally has to conduct itself in a way that is true to the public trust in that is especially true for the irs. here is what we will do. we will hold the responsible parties accountable. yesterday i directed
6:22pm
secretary lew to follow up -- follow-up on the id audit and who is responsible to make sure we understand the facts. today secretary lou tepper step to request and accept the resignation of the acting commissioner of the irs because given the controversy surrounding the audit it is important to institute new leadership to help restore confidence going forward. second, we will put in place new safeguards to make sure this behavior cannot happen again and i have directed secretary of their to be ensuring it implements the ig recommendations right away. third, we will work with congress as it performs the oversight role and our administration has to make sure we are working hand in hand with congress to get it fixed democrats and republicans to treat the authority with the
6:23pm
responsibility it deserves that does not smack of because one thing you have seen across the board everybody believes what happened matt as reported in the ids report but it is fixable it is in the best interest to fix it. i will do everything in my power to make sure nothing like this happens again. by holding responsible parties accountable and the new checks and safeguards going forward to make sure the laws apply as it should be in a fair and impartial way to make sure the laws are clear so we can have confidence that they are enforced in a fair and impartial way there is not too much ambiguity surrounding these laws. that is what i expect, that is what the american people deserve and that is what we will do.
6:24pm
thank you very much. gerri: that was the president has in a quickkbut pointed statement and said the misconduct is inexcusable and treasury secretary to has accepted the resignation of the acting commissioner of the irs steve miller and we will begin implementing the recommendations in the ig report and i will do everything to do make sure this can happen again. he describes this as fixable. rich, what do you make of the comments? he starts off he will have a press conference tomorrow. we did not know that. if you look at this the question becomes how will the work with congress go?
6:25pm
we now have the resignation of the acting irs commissioner steven miller and from here they go with the recommendations from the ig report for something that is in front of his face but if you look at the next apps -- steps word does the criteria come from who is responsible for conservative organizations? that is not known and the department of justice is investigating. we have 45 republicans request all information about this e-mail is coming from the administration having to do with this. let's see if the president is willing to work with congress and what request goes too far from the administration to deny which given the history of
6:26pm
investigation and you can imagine that will happen. gerri: a lot of unanswered questions and to ask for this in the first place? gerri: i went to bring back alan from ati. is this enough? i have the resignation of the acting commissioner bud does more neat to be done? is that the big thing that happened? >> in terms of resignation and there is obviously going to be other people involved that are more responsible than acting commissioner miller and the ultimate responsibility at the top of the agency but other people will be directly responsible and they need to be held accountable. and the president mentioned one other thing to makeup was clear for the future to lay down guidelines of what
6:27pm
the 501(c)4 is allowed to do so you don't have the standards go up or down depending oo the democratic core republican or conservative for the parole group. gerri: we talked about that earlier there are 20 designations and it is very confusing and difficult to understand. but let me ask you this question the president said i am angry, i won't tolerate this behavior is passed to operate with integrity. those are words that people have been waiting to hear. >> those are exactly the right words and while they're looking for this to be followed through it is my hope that is what will happen. gerri: we will be the year and go to break and will be back with more.st stay with us.
6:28pm
that hasn changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of ese years. ♪ ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thoand of us investing billions... in everything from the best experiences below... to the finescomforts above. we're not simply saluting history... we're making it.
6:29pm
at o whatever business you're in, that's the busess we're in.
6:30pm
with premium service like one of thbest on-time delivery records and a low claims ratio, we do whatever it takes to make your busins our business. od. helping the world keep promise ♪ gerri: welcome back to "the willis report."
6:31pm
we spent the first half hour tonight listening to the president and dissect his comments on the irs scandal. tonight the president had accepted the resignation of the acting commissioner of the irs, steve miller. he is gone. morehead's may roll. irs will implement findings from that report. the president saying i am angry, i won't tolerate this behavior. the irs has to operate with integrity. and of course his agency ppssibly more than any other federal agency touches the lives of every american. if you pay taxes, you know about the irs, and possibly the irs is a bit scary to you. the next guess we have is now lou dobbs. you listened to this four minutes conversation for a president.
6:32pm
what did you make of it? >> straightforward as you might expect, the president went on national television to tell us he is firing a guy who deserves to be fired, perhaps more. i don't know. it isn't a decision that is going to resonate or stall how the internal revenue service managed to get into the business of creating enemies and targeting conservatives in this country and this president did not speak out against the very atmosphere that had been created with the internal revenue service. this is a president who is trying to save his posterior, and it is clearly the principal effort and it is also very clear that this president had something of an awakening over the course of the past 24 hours because we saw jay carney and the president talk about we had
6:33pm
to find out more, they cap using the hypotheticals the irs had already admitted these egregious offenses perhaps, criminal acts. gerri: it has been only days since the white house was saying the irs is independent. they are separate from us. it is not true. it is not true. let me ask you this because i'm interested in your view on this. jack lew running treasury, treasury in charge of the irs, jack lew formally a political operative. does this make sense to you? >> that the treasury secretary would be investigating one of his own department's? no, this is absurd. i think the national liberal media is facing his first test tonight. this is an administration that declared war on american citizens. it has done so with in so many
6:34pm
forms, but in using the irs, talk about how feared the irs is because of its extraordinary power, no american citizen should fear his or her government is respectable of what branch or agency. the fact this president chose to put as the fulcrum of obamacare the internal revenue service tells you a lot about his thinking, the policies that we can expect and the addition of 16,500 agents. we are supposed to trust this president, this a ministration and this government? are you kidding me? gerri: well put. i want to hear who you have on tonight's show. lou: we will be joined by donald rumsfeld to give us his perspective on who he believes is ultimately responsible by the benghazi cover-up, the irs scandal and the justice department continued front against the first amendment with
6:35pm
the seizure of the phone records of the associated press. and we will be joined by democrats, one of th one of a gg number of democrats demanding answers on benghazi, irs and the scandal. all of that and more at the top of the hour. gerri: thank you so much for coming on, we appreciate it. it has been a busy show comment president speaking for three and half minutes, but a lot of news for us to cover. when we come back, impact of having bad credit and how you can fix that, and don't mess with texas, especially real estate. how the real estate market is booming and what others could learn from it. stay with us. we know a place where tossing and turning have
6:36pm
6:37pm
given way to sleeping. where sleepless nights yield to restful sleep,
6:38pm
and lunesta eszopiclone can help you get there like it has for so many people before. do not take lunesta if you are allergic to anything in it. when takinlunesta, don't ive orperate machinery until you feel fully awake. walking, eating, drivi or enging in other activities while asleep without remembering it the next day have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as ngue or throat swelling occur rarely and may be fatal. side effects may ilude unpleasant taste, headache, dizziness and morning drowsiness. ask your doctor if lunesta is rig for you. then find out how to get lunesta for as low as $15 at lunesta.com there's a land of restfusleep, wean help you go tre, on the wings of lunea.
6:39pm
gerri: what is warren buffett buying and selling? we just found out. berkshire hathaway filed an update of its stock holdings. those talks are closely followed by mutual fund managers and individual investors. all looking for clues about warren buffett's investment strategy. here with us now to break it down, scott martin from asset management. thank you for coming on the show, love having you want. i will break this down into three different groups first starting with the tried and the true, the stocks warren buffett loves. american express, procter and gamble, coca-cola and viacom. no change in those holdings. what do you make of that list? >> it is pretty good. there are a lot of things he said over the years i appreciate. value is what you get. he is a big value guy. our favorite holding time is forever. if you look at the less
6:40pm
companies you mentioned, you could conceivably hold those companies forever. this is something for all of us to take into consideration, a lot of the companies he invested in he knows their business, he uses their products. it helps them see the plus and minus of owning those stocks. gerri: something you said about our investment horizon is forever. warren buffett sidestepped all of the problems because those companiis went bust and they went away in many cases, so down to brass tacks, what is warren buffett buying? wells fargo, a favorite of warren buffett. well-regarded, certainly more than a lot of the other players. walmart, direct tv and ibm. what is interesting there? >> the directv play. i see the satellite industry
6:41pm
dying. that is the thing, there is new technology out there seemingly every month that seems to be attacking the traditional medi medium, so directv is a very interesting one. i'm glad he did not buy dish because directv is eating their lunch. i guess he is buying the best of the more questionable choices out there. gerri: and it comes banking, wells fargo. on the consumer side they're pretty well-regarded because of the way they do business with individual americans. in terms of how people in the industry think of wells fargo, are they as well regarded as jpmorgan, bank of america? how do the insiders think about it? >> i think they are maybe a little less than the level with the other companies but maybe that is a good thing. how great is jamie dimon's life over the last two months?
6:42pm
not fun. :-) that is good for wells fargo. they are killing it in a in the mortgage space, the leaders. that is with the housing market, and back a great reason to be in them, i think. gerri: the levels were so small it probably was not warren buffett himself doing it. the defense play. is that a surprise to you? >> a little bit. a little bit of a surprise because you figure with the migration to the alternate energy sources with corn and ethanol would be a big play, but that has not come around. he is due to have a couple of bad ones. general dynamic a cutback in defense spending has hurt. he is bound to have a couple that go awry. gerri: scott does not own, trade or do investment banking business with any of these companies.
6:43pm
thank you for coming on, thank you so much for the help tonight. the lone star state, texas is stepping onto a list of top markets for new home sales. texas has four of the top 10 selling markets, four of the top 10 for new homes including number one, houston. here to help us understand this housing boom, joining me now from dallas. i have to tell you, i'm not surprised with texas doing well. no state income tax, these are people who know how to do it well and it seems all of corporate america is moving to the lone star state. >> it has been a pretty amazing few years and it is beginning to heat up. the critics say it may be become overheated. some say the market may be overvalued a it. if you look at the economy, everything is going great.
6:44pm
houston is the center for petroleum, natural gas, like your previous guest mentioned a lot of the banks have mortgage servicing shops here. we have so many tech companies at dallas-fort worth people are flooding into the state. will too many people flood into the state? potentially, but the big problem i have is supply restraint. you are facing a bidding war. gerri: austin remains very attractive, you go to austin, you want to move to austin. one of the reasons why i think the housing market has room to go, they have had 19% growth of stem jobs. 19%, the median salary in those industries, a $2000 if you are an engineer and make a lot more money than that.
6:45pm
is that helping to propel growth there? >> what do they need and want at those nice salaries, they are looking to buy the nice homes. the thing is they are not unique to that one sector. they are a bit high. civil engineering jobs are up 12%, but we're seeing gains in most things. there are a few indicators things are a bit hot. we are getting it a lot of influx of unskilled labor and the state. there is also the issue that permits, homes that are going to be built, people filing for permits is slowing down, but it seems every week a new mortgage banker, mortgage lending division is opening up a retail shop somewhere in texas. gerri: foreclosures remain high in texas. why is that?
6:46pm
>> i'm not a texas native but i will say it was explained to me when i bought my house there is no pay, no state clause, they don't mess around down here, they will kick you out of your house as soon as you are 90 days delinquent and that is bad for borrowers. there is not a recourse you see in other judicial states, but they do not mess around here. the lender can boot you out and send it on to the next person. gerri: it put a floor under the market because you don't have this experience as you have in interest of the country where it is a clog of people who weren't going anywhere anytime soon, the banks had to sit with the mortgages on their books and the entire market 90 days, maybe that makes sense. thank you for coming on the show, great to see you. >> thank you so much.
6:47pm
gerri: my two cents on the interior department, and bad credit can keep you from buying a home, even getting a job. what causes bad credit and how you can fix it. we know all your investments may not be with fidelity, but we can still help you see your big picture. with the fidelity guided portfolio summary, you choo which accounts to track and use delity's analytics to spot trends, gain insights, and figure t what you want to dxt. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one me innovative reason seris investors are choosing fidelity. now get 200 free trades when you open an account.
6:48pm
gerri: your impeccable credit, wiped out from a simple mistake to identity theft. our expert explains how to get it back.
6:49pm
6:50pm
gerri: bad credit doesn't just happen to deadbeats.
6:51pm
maybe your credit agency is screwed up, but now it is up to you to fix your credit. always great to see you, you have such a great name. gerri: letts speak about this, on the deadbeats have bad credit, but that is not true, is it? >> that is not true. six months late in a row and i wasn't late, this could happen to anyone. gerri: what does it mean to people which mark >> it is very important. consumers who have a prime credit score versus those who have an average credit score on a 30-year mortgage you are talking $250,,00 loan, $20,000 over the course of a loan. so there can be a big difference with even just a few points difference. gerri: that is just money out of your pocket.
6:52pm
it pays to build your credit if you can. let's talk about rebuilding your credit. check the credit report and your scores, what am i looking for? >> go to annualcreditreport.com. get all three, if there is a mistake on one, you want to catch it right away. get a free credit score at annualcreditreport.com. what you're looking at is what is strong, what is not strong, what do i need to work on improving. gerri: one of the things people don't think about is the further a payment history is, the better off your score will be if you are doing the right things now. >> somebody has been through foreclosure or bankruptcy, something really negative, can't have credit for seven to 10 years. not true. provided you are building current positive references.
6:53pm
get back on the wagon again, build positive references. gerri: if you're going to do it in a certain order, wha with his order you would do it in? >> pay off the credit card closest to the limit first because a third of the credit score is the debt you pay and how close are you on your individual credit cards? most people think as long as i stay below 50% of the available credit i am okay. psycho says the best scores goes to those who use 10% of available credit on their credit card. gerri: early mentioned building positive credit references, but how do you do that? >> if you don't have a credit card currency and you have been through something really bad, go through a secured card.
6:54pm
because the credit limit is low, you want to make sure you keep the balance is really low on that card. a secured card is better than a prepaid card. prepaid cards do not. gerri: tell us if i have a problem and i am going to fix it, how long is it going to take to repair that credit? >> if it was a mistake, you can see significant improvement in as little as 18 months if you are very proactive about making sure that everything now gets paid on time. gerri: thank you for coming on, always good to see you. >> thank you. gerri: we will be back with my two cents more. stay with us.
6:55pm
if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maienance treatment
6:56pm
that helps open my obstructed airways for a full 24 hours. you know, spiriva lps me breathe easier. spiriva handihaler tiotropium bromide inhalati powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these maworsen with spiriva. discuss all medicines you take, even eye drops. stop takinspira and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or oblems passing urine. her side effects include dry mouth and constipation. nothing can reverse copd. spira lps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. all stations come over t mithis is for real this time. step seven point two one two. rify and lock. command is locked.
6:57pm
five seconds. three, two, one. standing by for capture. the most innovative software on the planet... is connecting today's leadin companies to places beyond it. siemens. answers. we'rnot in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled ur old card. great. thank you. iaddition to us monitoring your accounts for unusual activity, you could also set up free account alert okay. [ female announcer ] at wells far we're working around the clock to help protect your money and financi information. here's your temporary card. welcome back. how was london? female announcer ] when people talk, great things happen. gerri: starting with your e-mail's there is no one
6:58pm
that drives and more destructive than law enforcement that they are exempt in they have radios radios, phones, computers that all demand attention if they can multitask so keen and civilians. >> can the government ever leave social security alone? instead of always dipping their fingers into the till to leave a deficit and some of programs should be left alone and they would easily survived. never put anything on facebook or anywhere else that is only semi private you would not want your employer to see. is seems that people put nasty things out there about their employers to lose their job and they do not want employers bad mouthing their business i think employers can check facebook and twitter to use it against a bad employee.
6:59pm
and finally waste fraud and abuse the department of interior spending half a million of your taxpayer dollars to train fish to recognize and avoid predators. i cannot trade my husband to take up the garbage but the government sees these things differently the objective is to see if it increases the of survival rate of the sucker fish found in the colorado river. it includes upon restoration and intensive predator avoidance training and in remote sensing to account for survival rates. the grant will be activated june 22nd. how do fish avoid creditors before theegovernment came to the rescue? another government gone wild and that is my a $0.2. be hit "consumer reports" editor and top-rated luxury
7:00pm
sports cars you will love it. you don't want to miss it and that is it for "the willis report" don't forget to do gdr the show. have a great night. lou: good evening thank you for being with us breaking news on three major scandals posing a threat to the obama administration, the irs, benghazi and the department of justice assault on the first amendment rights of the associated press. we begin with the brewing i.r.a. scandal president obama speaking moments ago after he met with senior treasury officials on the i.r.a. situation and confirming the personnel changes are of the way. >> we will hold the responsible parties accountable and just today i directed secretary lew to follow-up on